Praise be to Allah.
It is impermissible for a Muslim to work in a conventional bank or financial institution that primarily deals in riba (interest). Engaging in such employment, whether directly or indirectly, is forbidden because riba is explicitly prohibited in Islam.
Evidence from the Qur’an and Sunnah:
- Allah says:“O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers. But if you do not, then be informed of a war [against you] from Allah and His Messenger…” (Surah Al-Baqarah 2:278-279)
This verse emphasizes the gravity of riba, declaring it as a declaration of war against Allah and His Messenger.
- The Prophet (peace and blessings be upon him) said:“The curse of Allah is upon the one who consumes riba, the one who pays it, the one who witnesses it, and the one who records it.” (Sahih Muslim, 1598)
This hadith shows that even indirect involvement in riba, such as recording transactions, is forbidden.
Exceptions and Alternative Views:
- Jobs with no direct involvement in riba:
If a Muslim works in a department unrelated to interest-based activities, such as IT, security, or maintenance, some scholars allow it under the condition that they actively seek alternative employment in permissible sectors. - Necessity (Darurah):
If no other employment is available, working in a bank may be temporarily permissible under the principle of necessity, provided the individual continues searching for a halal job.
Recommendations for Muslims in the Financial Sector:
- Seek employment in Islamic banking institutions, which comply with Shari’ah principles.
- Avoid roles that directly involve interest-based transactions, even in Islamic banks.
- Always consult a knowledgeable scholar for personal guidance in complex situations.
